American TeleSource Joins the Russell 3000 and 2000 Indexes.Business Editors & High-Tech Writers SAN ANTONIO--(BUSINESS WIRE)--July 11, 2000 American TeleSource International Inc. (AMEX AMEX See: American Stock Exchange : AI)("ATSI ATSI Aboriginal and Torres Strait Islander (Australia) ATSI Association of Thai Software Industry ATSI Association of TeleServices International ATSI American Transmission Systems, Inc. ") announced today that it has been added to the Russell 3000(R) and 2000(R) Indexes published Monday by the Frank Russell Frank Russell may refer to the following people:
The Frank Russell Company, one of the world's leading investment management and advisory firms, provides investment and analytic tools and diversified funds to institutional and individual investors in 35 countries. The Russell 3000 Index The Russell 3000 Index is a stock market index of US stocks. The ticker is "RUA" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 3000. measures the performance of the 3,000 largest U.S. companies based on total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. , which represents approximately 98% of the investable U.S. equity market. The purpose of the index is to act as a performance standard for active managers, to serve as a proxy for asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. purposes, and to become a purchasable and replicable vehicle for passive investment strategy. The Russell 2000 measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index. Karen R. Mella, ATSI's Vice President Investor Relations Investor relations The process by which the corporation communicates with its investors. , stated, "Qualifying for this reputable equity index is further evidence that ATSI is gaining increased recognition and credibility within the investment community as a leader in the Latin American telecommunications area. The Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. are increasingly having a greater impact on individual stocks, serving as a performance standard for both individual and institutional investors." American TeleSource International Inc. is an emerging international carrier serving the rapidly expanding niche markets in and between Latin America and the United States. The Company's borderless strategy includes the deployment of a "next generation" network for more efficient and cost effective service offerings of domestic and international voice and data. ATSI has clear advantages over the competition through its corporate framework consisting of unique licenses, interconnection and service agreements, network footprint, and extensive retail distribution. ATSI's wholly owned e-commerce subsidiary, GlobalSCAPE Inc. (www.globalscape.com), is a leader in the development, marketing, distribution and support of award winning Internet-based software in a variety of categories including file management, multimedia utilities and Web site development tools targeting both business and consumer markets. |
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